23 August 2017
visit www.avoka.com

MarketAxess signs Decimales to Mexico distribution deal

05 June 2006  |  1674 views  |  0 Source: MarketAxess

MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for U.S. and European high-grade corporate and emerging markets bonds, today announced the signing of a marketing and distribution agreement with Decimales S.A. de C.V. of Mexico City.

Under the agreement, Decimales will market the MarketAxess emerging markets trading platform in Mexico. The agreement covers marketing of the platform to new institutional investor clients in Mexico as well as local client service and support.

"Our partnership with Decimales is an opportunity to extend our technology platform into a new geographic client segment in a burgeoning market," said Richard M. McVey, chairman and chief executive officer of MarketAxess. "Our emerging markets product is a core cylinder of growth for MarketAxess and this agreement reflects our focus on expanding our presence in the region."

MarketAxess' emerging markets platform will offer institutional investors in Mexico:

  • Direct links to 17 leading global emerging market fixed-income dealers
  • Liquidity provided by dealer trading desks in New York, London, Sao Paulo and Mexico City and
  • Access to more than 250 sovereign and corporate emerging market benchmark issues


"With this agreement, Decimales takes a major step forward to expand the range of electronic trading capabilities enjoyed by our clients," said Gerard Ussel, chief executive officer of Decimales. "We are pleased to be increasing the breadth of investment technology we offer to institutional investors in Mexico with the global liquidity available on MarketAxess."

In addition to the emerging markets cash trading platform actively used by 270 MarketAxess clients, MarketAxess is enhancing the firm's emerging markets product lineup with the addition of emerging markets credit default swap indices (CDX-EM) to its credit default swaps (CDS) trading system. The addition of CDX-EM indices extends MarketAxess' position as a leading provider of comprehensive solutions for the derivatives market.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.worldpaymentsreport.comvisit www.dorsum.euvisit www.vasco.com

Top topics

Most viewed Most shared
Rabobank constructs physical model to understand IT architectureRabobank constructs physical model to unde...
18008 views comments | 42 tweets | 78 linkedin
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
13192 views comments | 28 tweets | 23 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
11824 views comments | 22 tweets | 34 linkedin
Australia regulates digital currenciesAustralia regulates digital currencies
11059 views comments | 21 tweets | 35 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
10930 views comments | 10 tweets | 8 linkedin